ECRI Institute Releases New Market Analytics Tool for Use with Tablets and other Mobile Devices

PLYMOUTH MEETING, Pa., April 21, 2015 /PRNewswire-USNewswire/ -- ECRI Institute announces the release of its new SELECTplus Market Analytics tool, one of several innovative decision-support products and enhancements being rolled out in 2015. The tool's interactive, mobile platform puts the power of analytics directly into the hands of busy supply chain professionals with detailed, customizable views of trends in the medical technology marketplace.

Hospital supply chain and value analysis teams can drive strategic technology decisions with bigger, better data than in the past using this latest enhancement to ECRI Institute's SELECTplus™ advisory service. 

"Our comprehensive market research application in this new, mobile-friendly platform allows users to track, trend, and compare technologies, manufacturers, and models all on one interactive graph—in a value analysis meeting, in the OR, in a coffee shop, or anywhere," states Jennifer Myers, ECRI Institute's vice president of SELECT health technology services. "No one else offers this level of accurate, detailed market research data on medical technologies all in one online platform." 

Colorful, presentation-ready graphs show purchasing trends, market share, popular models and manufacturers, as well as configuration analyses and line item price benchmarking. Supply chain directors and other health technology purchasers are now able to share vital data on the spot, filtering by region, facility type, and bed-size.

"The SELECTplus Market Analytics tool lets us view financial, quality, user satisfaction, and system configuration data across multiple vendors," says Jon Reiners, CMRP, director of materials management, Community Hospital, McCook, NE. "The price benchmarking gives us the upper hand in vendor negotiations."

Other key features include:

• Comparative data on functionally similar devices and models, plus pricing on popular technologies and service contracts
• Filters on categories relevant to the user, including trade-ins, used equipment, group buy-ins, and promotional deals
• Comparative service contract data, including pricing, level of service, point-of-sale versus post warranty, and OEM versus third party pricing
• An online capital budgeting feature to build multiple normalized budgets in one place, from an enterprise-wide capital budget to smaller renovation projects   

Healthcare organizations worldwide rely on ECRI Institute's nearly 50 years of experience delivering strategic, evidence-based technology management guidance from selection and purchasing to maintenance and sunsetting.    

For more information or a demonstration of the new SELECTplus Market Analytics Tool, or to learn about any of ECRI Institute's other SELECTplus capital advisory services, contact ECRI Institute by telephone at (610) 825-6000, ext. 5287; by e-mail at [email protected]; by fax at (610) 834-1275; or by mail at 5200 Butler Pike, Plymouth Meeting, PA 19462. ECRI's European office can be contacted at [email protected]; ECRI's Malaysian office can be contacted at [email protected]; and ECRI's Middle Eastern office can be contacted at [email protected]. ECRI also offers free resources in our online eNewsletters.

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About ECRI Institute
ECRI Institute (www.ecri.org), a nonprofit organization, dedicates itself to bringing the discipline of applied scientific research to healthcare to discover which medical procedures, devices, drugs, and processes are best to enable improved patient care. As pioneers in this science for nearly 50 years, ECRI Institute marries experience and independence with the objectivity of evidence-based research. Strict conflict-of-interest guidelines ensure objectivity. ECRI Institute is designated an Evidence-based Practice Center by the U.S. Agency for Healthcare Research and Quality. ECRI Institute PSO is listed as a federally certified Patient Safety Organization by the U.S. Department of Health and Human Services. Find ECRI Institute on Facebook (www.facebook.com/ECRIInstitute) and on Twitter (www.twitter.com/ECRI_Institute).

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SOURCE ECRI Institute

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